GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Indian Energy Exchange Ltd (BOM:540750) » Definitions » Interest Expense

Indian Energy Exchange (BOM:540750) Interest Expense : ₹-27 Mil (TTM As of Dec. 2024)


View and export this data going back to 2017. Start your Free Trial

What is Indian Energy Exchange Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Indian Energy Exchange's interest expense for the three months ended in Dec. 2024 was ₹ -7 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was ₹-27 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Indian Energy Exchange's Operating Income for the three months ended in Dec. 2024 was ₹ 1,077 Mil. Indian Energy Exchange's Interest Expense for the three months ended in Dec. 2024 was ₹ -7 Mil. Indian Energy Exchange's Interest Coverage for the quarter that ended in Dec. 2024 was 160.51. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


Indian Energy Exchange Interest Expense Historical Data

The historical data trend for Indian Energy Exchange's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Indian Energy Exchange Interest Expense Chart

Indian Energy Exchange Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Interest Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.66 -20.55 -19.75 -24.57 -28.35

Indian Energy Exchange Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Interest Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.14 -7.19 -6.73 -6.60 -6.71

Indian Energy Exchange Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹-27 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Indian Energy Exchange  (BOM:540750) Interest Expense Explanation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Indian Energy Exchange's Interest Expense for the three months ended in Dec. 2024 was ₹-7 Mil. Its Operating Income for the three months ended in Dec. 2024 was ₹1,077 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was ₹0 Mil.

Indian Energy Exchange's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage=-1* Operating Income (Q: Dec. 2024 )/Interest Expense (Q: Dec. 2024 )
=-1*1077.022/-6.71
=160.51

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The higher the ratio, the stronger the company's financial strength is.

Good Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Indian Energy Exchange Ltd has enough cash to cover all of its debt. Its financial situation is stable.


Indian Energy Exchange Business Description

Traded in Other Exchanges
Address
Sector 16B, 9th Floor, Max Towers, Plot No. C-001/A/1, Gautam Buddha Nagar, Noida, UP, IND, 201301
Indian Energy Exchange Ltd is an India-based power trading platform provider. It offers an automated platform for the physical delivery of electricity, renewable energy, and certificates. IEX enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. It offers an electronic platform for the trading of electricity products in India. The company has determined one operating segment by the nature of its products and services, which is Power exchange.

Indian Energy Exchange Headlines

No Headlines